what rules/agreements ensure that the lodges will be maintained in a reasonable order throughout the 52 year lease period?
A resort management statement and strata management statement will be signed with the Park Trust and the resort operator. These statements ensure the proper maintenance of the resort area. Each of the lodges has an individual lease requiring the lodge to be completely refurbished every ten years. There will be a sinking fund established to ensure there are sufficient funds to upkeep the lodges and the common areas.
